In: Economics
I need more than 500 words Explanation (Unique)
"Why raising the minimum wage to $15 per hour in Pennsylvania is good for Pennsylvania state coffers, workers and business."
Due to increase in wage rate per hour in the state of pennsylvania there will be more growth in economy and livelihood of coffee workers beacause:
As the wage rate increases the workers wanted to work an hour extra so that they can earn more which in turn boosts the overall porduction of the coffee thus bringing more revenue to the owner and the state.
Due to this increase in wage there will be chance of more labour getting employed as the increase in wage rate will always more people. The larger the number of workers the graeter the production increases because more people will reduce the work burden which in turn saves the time thus making the things flexible.
The livelihood of the workers also increases as the wage rate increased they will earn more money than usually thus making them have a better life and having more oppurtunities to have a better position.
Due to this wage increases the business wil get boosted thus the government will get more money in the form of taxes and the supply of money in the market will more thus making the economy have a growth which is a good sign for the development of country.